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Qiu Yinghua Leads Delegation to Sichuan to Promote Spirits Trade; Last Year, Tax-Paid Chinese Liquor Exported to Hong Kong Valued at HKD350 Million
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Qiu Yinghua, Secretary for Commerce and Economic Development, led a business delegation composed of representatives from various Hong Kong liquor industry associations and chambers of commerce to visit Sichuan, promoting Hong Kong's advantages as a hub for spirits trade and its role as a platform for Chinese liquor to 'go global.' Yesterday (25th), Qiu Yinghua and his delegation attended a roundtable meeting of the Sichuan-Hong Kong liquor industry in Chengdu, Sichuan, organized by the Economic and Trade Office of the Hong Kong Special Administrative Region Government in Chengdu, Invest Hong Kong, and the Hong Kong Trade Development Council, engaging in in-depth exchanges with local liquor industry representatives. Qiu Yinghua stated that the country is comprehensively advancing the '15th Five-Year Plan,' accelerating the construction of a new development pattern, continuously expanding high-level opening-up, and vigorously supporting quality Chinese brands to go global. Qiu Yinghua pointed out that in recent years, more and more high-quality Chinese liquors have entered the Hong Kong market. Last year, over 1.3 million liters of tax-paid Chinese liquor entered the Hong Kong market, with a value of HKD350 million. At the same time, producers and traders worldwide view Hong Kong as a crucial gateway to the Asia-Pacific and Chinese mainland markets. Last year, 3.35 million liters of spirits were re-exported to the mainland via Hong Kong, accounting for nearly 50% of the total spirits re-export volume, with a value close to HKD3 billion. Qiu Yinghua stated that the brand value and international recognition of Chinese liquor continue to rise. Driven by the country's '15th Five-Year Plan' and overseas strategy, mainland liquor companies should seize opportunities to actively expand overseas markets. Hong Kong will continue to play the role of a 'super connector' and 'super value-adder,' bringing in international capital while assisting mainland liquor enterprises in exploring overseas markets. The delegation will visit the distillery of another famous Sichuan liquor brand, Luzhou Laojiao, today, and then continue their visit to Guizhou. (sl/da) AASTOCKS Financial News URL: www.aastocks.com Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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